
News Link • Government
Government Employment Rose by an Amazing 785,000 in September
• https://mishtalk.com, By MishWith advanced screeners and real-time data, you can spot trends and opportunities before the crowd. Back test strategies with 24 years of historical data. Join the community of savvy traders who are always one step ahead. Subscribe now.
Private vs Government Employment Notes
Data is from the Household Survey as is the Unemployment Rate
The BLS says wage and salary government employment rose by 785,000
The BLS says wage and salary private employment rose by 133,000 and the nonagricultural wage and salary employment rose by 822,000
The numbers don't total correctly.
The BLS explains: "Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data."
A hat tip to ZeroHedge for pointing out the surge in government employment.
You can also see the recent surge in BLS Table A-8.
From January 1948 though December 1997, the numbers did total correctly. They haven't ever since.
The same thing applies to agricultural vs nonagricultural breakdowns.
Change in Employment Level Agricultural and Nonagricultural
In September, the change in agricultural employment was -60,000 vs a rise of 527,000 nonagricultural employment. That nets to 467,000. The BLS reports 430,000.